Each letter gets it’s own text box. You rotate them once by one. You’ll need to measure distance from inner perimeter of the circle and manage the exact angle to center. So a protractor, string, or drawn line can help. (Draw the line before putting the center picture in.
Source - Am Millennial, MSPaint was it back in the day.
There are ways to deal with the kerning and angles. Mostly be drawing lines you later get rid of.